Saba Closed-End Funds ETF (CEFS)
The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by normally investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities issued by closed-end funds (the "underlying funds"). The advisor expects to invest in underlying funds operated by a diversified group of closed-end fund managers ("underlying fund managers") that invest in equity and fixed income securities. The fund normally invests in underlying funds that primarily pursue high income opportunities.
$223.09M
Mar 21, 2017
20.39
$1.08
0.00
0.00
58.60%
0.00%
0.00
0.00
0.00
0.00
0.00%
0.00%
Sector weights (11)
Materials Select Sector SPDR Fund
XLB
9.95%
Industrial Select Sector SPDR Fund
XLI
9.83%
Energy Select Sector SPDR Fund
XLE
7.78%
Utilities Select Sector SPDR Fund
XLU
7.7%
Financial Select Sector SPDR Fund
XLF
7.42%
Consumer Discretionary Select Sector SPDR Fund
XLY
6.44%
Communication Services Select Sector SPDR Fund
XLC
5.1%
The Real Estate Select Sector SPDR Fund
XLRE
4.4%
Technology Select Sector SPDR Fund
XLK
21.31%
Consumer Staples Select Sector SPDR Fund
XLP
2.85%
Health Care Select Sector SPDR Fund
XLV
17.22%
Sector weights (11)
Materials Select Sector SPDR Fund
XLB
9.95%
Industrial Select Sector SPDR Fund
XLI
9.83%
Energy Select Sector SPDR Fund
XLE
7.78%
Utilities Select Sector SPDR Fund
XLU
7.7%
Financial Select Sector SPDR Fund
XLF
7.42%
Consumer Discretionary Select Sector SPDR Fund
XLY
6.44%
Communication Services Select Sector SPDR Fund
XLC
5.1%
The Real Estate Select Sector SPDR Fund
XLRE
4.4%
Technology Select Sector SPDR Fund
XLK
21.31%
Consumer Staples Select Sector SPDR Fund
XLP
2.85%
Health Care Select Sector SPDR Fund
XLV
17.22%